Money VS Wealth

" Money is a diamond-encrusted watch flashing on the wrist of someone who rents his home, Leases her fresh-off-the-line car and has no savings. Wealth is the ability to contribute to your retirement fund, own a home with a monthly payment you can afford, donate to charity and send your kids to the best schools possible to ensure their success" ( Ebony magazine August 2011 issue... )

Do you know the difference between money and wealth? Well if you don't.... Read up!!!

Money: is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.

Wealth: the abundance of valuable resourses or material possessions, which includes assets that are tangible( land and capital) and fincncial (money,bonds,etc)

There is a clear difference in money and wealth... Money will hold you, Wealth will sustain you. In the African American community the disconnect comes from how we spend our money rather than investing or saving!!! Many times we all see the things that money can buy but not the benefits that wealth gives. In most homes we are not taught to keep money we are taught to make money..... Its sad to say!! No one ever told us to save some for those " Rainy days". But we are quick to say we can not catch a break " the white man has it good, they never seen a rainy day" that very well could be true but in the same instance the "white man" may have a savings account that allows him to live and the same level while going threw hard times. My challenge to you is to figure out which one you Rather have Wealth or Money?

"Money is fun but wealth is forever"- Amy DuBois Barnett( ebony magazine)

Please stay posted the month of august I will give you tips and information on the State of Black Wealth.... I know its not juicy... But it will help you!!